Investors

Share Price Information

JSE : EEL

Share Price Information

JSE : EEL

Home \ Investor Centre \ Press Releases \ SacOil receives exploration approval for Botswana licences

<< Back to

SacOil receives exploration approval for Botswana licences

SacOil receives exploration approval for Botswana licences

JSE- and Aim-listed Africa-focused upstream oil and gas company SacOil has received approval for three onshore petroleum prospecting licences in Botswana.

The exploration licences were received through the company’s Botswana subsidiary, Transfer Holdings, and were approved by the Botswana Minerals, Energy and Water Resources Minister Onkokame Kitso Mokaila.

Mining Weekly Online reported in December that SacOil had been awarded a 100% equity interest and operator status in the second-largest petroleum exploration licence demarcated in Malawi, an area stretching 12 265 km2.

The oil company also announced last month that it had appointed former South African Reserve Bank governor Tito Mboweni as its independent nonexecutive chairperson from June 1.

Source: Engineering News Online

REGISTER

for news updates

Headlines

IMPORTANT NOTICE TO SHAREHOLDERS REGARDING THEIR SHARES

Shareholders are advised to contact their CSDP, broker or professional advisor if they are in doubt as to what action to take, and to visit our FAQ page 

If you are in any doubt as to what action you should take, consult your CSDP, Broker, Banker, Legal Adviser, Accountant or other professional advisers immediately.

Or visit our Shareholder Information page for more information regarding your shareholding and share certificate.